Katy Perry Cashes In, Sells Music Catalog

Katy Perry is cashing in on her catalog. The “Firework” singer has sold her entire music catalog to Litmus Music, which is a subsidiary of The Carlyle Group. The deal includes Perry's five studio albums recorded with Capitol Records between 2008 and 2020. Those records include "One of the Boys" (2008), "Teenage Dream" (2010), "Prism" (2013), "Witness" (2017) and "Smile" (2020).

Co-founder and CEO Hank Forsyth spoke about the partnership saying, “Katy’s songs are an essential part of the global cultural fabric. We are so grateful to be working together again with such a trusted partner whose integrity shines in everything that she does.”

The sale, which multiple reports say is worth $225 million, seems perfect for Perry as she continues to focus on her residency in Las Vegas and raising her daughter Daisy Dove with partner, actor Orlando Bloom.

Source: Variety

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